CoStar
Coverage of CoStar in the Nexus archive.
- One-third of Seattle’s downtown is empty: Here’s how America’s boomtown turned into one of the toughest places to find a job
Seattle's downtown office vacancy rate reached 35.6% in Q4 2025, driven by remote work, tech layoffs, and cautious leasing. Job postings in the Seattle metro area fell 35% between February 2020 and October 2025, with tech giants like Microsoft and Amazon leading job cuts. A $20.76 minimum wage policy has intensified pressure on small businesses.
- Commercial brokers, landlords sue CoStar over rental data monopoly
Commercial landlords and brokers filed a class-action lawsuit against CoStar Inc., alleging it facilitated a hub-and-spoke conspiracy by collecting and redistributing confidential lease data, enabling competitors to collude on pricing and violating the Sherman Act. The lawsuit claims CoStar's data monopoly allowed brokers and landlords to exchange sensitive rental information, leading to supra-competitive rents.
- Midtown’s Metropolitan complex hits the market
Northwood Investors is selling its Midtown mixed-use Metropolitan complex, which it purchased for $90 million five-and-a-half years ago. CBRE is marketing the property's 342,805-square-foot retail and office components, home to tenants like Trader Joe’s and Best Buy. The sale aligns with growing institutional interest in mixed-use lifestyle centers, according to Chuck McShane of CoStar.